TLDR
- Charles Schwab plans advisor crypto spot trading tools for 2027.
- The planned service may launch near mid 2027, but no date is set.
- Advisors could trade, transfer, and custody client crypto assets.
- Schwab already offers Bitcoin and Ether spot trading to retail clients.
- Fidelity already provides crypto custody and trading tools for wealth managers.
Charles Schwab is preparing a 2027 launch of crypto spot trading and custody tools for financial advisors. The plan would add direct digital asset services to Schwab’s advisor custody platform. The firm oversees more than $10 trillion in client assets.
Schwab Plans Advisor Crypto Access
Jalina Kerr, managing director at Schwab Advisor Services, discussed the plan during a recent virtual media roundtable. Citywire reported that Schwab is targeting a launch near the middle of 2027. Kerr said the date remains “subject to change.”
The planned service would support crypto spot trading, asset transfers, and custody for advisor clients. Advisors could manage client crypto holdings through Schwab’s existing custody platform. The service would focus on direct access, rather than only fund-based exposure.
Schwab already offers spot Bitcoin and Ether trading to select retail clients through Schwab Crypto. That retail launch came before the planned advisor service. The advisor rollout would extend Schwab’s direct crypto work into wealth management.
Advisors Seek Direct Crypto Custody
Kerr said many advisors still prefer crypto exposure through exchange-traded products. These products allow clients to gain crypto exposure inside familiar brokerage accounts. However, direct spot trading interest has increased among some advisors.
Some clients already hold crypto on outside platforms. Advisors may want those assets moved into one custody relationship. Schwab’s planned service could help advisors view and manage those holdings in one place.
Kerr also noted that crypto needs careful handling across cash movements and account transfers. Digital assets do not follow the same rules as many traditional brokerage products. Schwab is reviewing how funds enter, leave, and stay within accounts.
Launch Timeline Remains Flexible
Schwab has not set a final launch date for advisor crypto spot trading. Kerr said the firm is “on track” for a launch closer to mid-2027. She also said there is “no exact date” for the rollout.
The service would place Schwab in a market where competitors already operate. Fidelity already offers crypto custody and trading services for wealth management firms. Schwab’s move shows rising demand from advisors handling client crypto questions.
The company has not shared full details on supported assets beyond its retail Bitcoin and Ether offering. It also has not released pricing, account rules, or transfer limits for advisors. More details may come as Schwab moves closer to the planned 2027 launch.
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